INDODAX Donates Nearly Half A Trillion Of Taxes From Crypto Business

INDODAX CEO, Oscar Darmawan. (Photo: Doc. INDODAX)

JAKARTA - INDODAX, the first crypto exchange in Indonesia again shows its commitment to supporting Indonesia's economic growth with tax compliance. Today, INDODAX announced that it has deposited a crypto transaction tax worth nearly Rp200 billion.

Although tax regulations are becoming a polemic in the crypto industry, INDODAX CEO Oscar Darmawan emphasized that INDODAX remains committed to complying with existing regulations.

"As a responsible company, INDODAX is always committed to complying with and complying with tax regulations in force in Indonesia. This tax payment is a tangible manifestation of our commitment to supporting the government's efforts to build the nation and improve people's welfare," said Oscar Darmawan, in his statement, Sunday, March 24.

According to a report from the Ministry of Finance, the total tax on crypto transactions from 2022 to 2024 reached IDR 539.72 billion. This figure consists of IDR 254.53 billion in PPh 22 for crypto sales transactions on the exchange and IDR 285.19 billion in VAT DN for crypto purchase transactions on the exchange.

"This means that of the total Rp539.79 billion of taxes generated by the Indonesian crypto industry, half of which are contributed by INDODAX. Not only that, INDODAX also deposited a corporate tax of Rp234 billion and this does not include income income tax of INDODAX employees, which amounted to nearly 500 employees," said Oscar Darmawan.

Oscar Darmawan also highlighted the great potential of the crypto industry to contribute further to Indonesia's development.

"The amount of tax generated by the crypto industry is a reflection of the great potential this sector has in supporting the country's economic growth. We at INDODAX are committed to continuing to play an active role in realizing this potential," said Oscar Darmawan.

Oscar Darmawan hopes that the tax generated by INDODAX can be useful and useful for the Indonesian people.

"It is hoped that these tax results can be used to build infrastructure, education, and health, as well as improve the welfare of the Indonesian people," concluded Oscar Darmawan.